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Seller within such thirty (30) day period. In the event Buyer does not disapprove the condition of the Property within the thirty (30) day period, this condition shall be deemed waived. In the event Buyer disapproves the condition of the Property within the thirty (30) day period, this Agreement shall terminate and the Parties shall be relieved from any further liabilities and/or obligations under this Agreement. 5. ESCROW 5.1 Opening. The purchase and sale of the Property shall be completed through an escrow ("Escrow") to be opened at the Redlands office of Town Center Escrow, or other escrow company mutually acceptable to the Parties (the "Escrow Holder"). Within five (5) days after the mutual execution of this Agreement, Buyer or Seller shall deposit with the Escrow Holder one fully executed counterpart of this Agreement, which shall constitute the Escrow instructions along with any additional Escrow instructions executed by the Parties pursuant to Section 4.5 of this Agreement. The date of delivery to Escrow Holder of such fully executed counterpart shall be deemed the opening of escrow ("Opening of Escrow") and Escrow Holder shall notify Buyer and Seller in writing of the Opening of Escrow date, the date set for Close of Escrow, and its acceptance of the escrow instructions. 5.2 Closing, Escrow shall close, if at all, on or before January 2, 1995. 5.3 Costs. Seller shall pay all the usual Escrow costs and charges normally paid by a seller in an escrow closing in San Bernardino County, including without limitation one-half of the Escrow fee and the premium for the title insurance policy to be delivered to Buyer. Buyer shall pay one-half of the Escrow fee and such other costs and charges normally paid by a Buyer in an escrow closing in San Bernardino County. 5.4 proration. Current real property taxes, bonds and assessments shall be prorated at the date of recordation of the deed, on the basis of a thirty (30) day month. 5.5 Additional Documents, Buyer and Seller shall execute such additional Escrow instructions as Escrow Holder may reasonably require to act as Escrow Holder, but in no event shall said additional Escrow instructions increase the rights of one party against the other party hereto or modify the terms and conditions of this Agreement. 5.6 Delivery of Documents, Escrow Holder to prepare the Grant Deed and Deed of Trust, and Buyer shall deliver the Purchase Price to Escrow Holder at least one (1) business day prior to the Close of Escrow. 5.7 Vesting, Unless otherwise agreed by the Parties in escrow, title shall vest at Close of Escrow in the name of City of Redlands, a municipal corporation. MP 110LE 3 ♦+a{te� r-+1nr ;•>r+�,-r...- t!m